Success in the private-equity market probably can't go on as it has. A cataclysmic event could scare investors, a major buyout could fail, or the economy could slow. But even in an economic downturn, the private-equity industry will not implode because it's been transformed. The organizations doing deals today have huge financial resources and can deploy management talent like David Calhoun and Lou Gerstner and Jack Welch. In 2007, I think a $50 billion buyout deal will get done. Two years out, a $100 billion deal.